Aker BP Oil Discovery in T NOAKA Area

Image Source: Aker BP

Aker BP is about to complete the Liatårnet exploration well in licence 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 mmboe. Further data acquisition and analysis will be undertaken to determine the drainage strategy and recovery factor for the discovery. Evy Glørstad-Clark, SVP Exploration in Aker BP commented “The exploration success at Liatårnet is an encouraging result of a long-term strategy to unlock the exploration potential in the NOAKA area and provide the basis for an area development. The discovery represents a significant addition to the NOAKA resource base.”

Meanwhile, Aker BP is the operator and holds 90.26 percent interest in licence 442. The partner is LOTOS.

Source : Strategic Research Institute, SteelGuru